Uber to Sub-Lease Three Floors from Lending Club at 71 Stevenson Street in San Francisco

By Jon Peterson

Uber has signed a sub-lease to take three floors at the office building located at 71 Stevenson Street in San Francisco, according to sources familiar with the property.

The three floors that Uber will be occupying are floors 11, 12 and 13, and the total amount of space involved is around 42,600 square feet. The signed lease will last approximately three and a half years.

An Uber spokesperson responded in an email stating that “Uber continues to grow around the world, and we’re excited to continue to invest in our hometown of San Francisco.”

The owner of the building is F1 Stevenson, LLC, an entity associated with Burlingame-based Jeffrey Investment Corporation. This is a private partnership led by Ming-Nin and Peter Zen and William Ma. The lease on the three floors was originally signed with San Francisco-based The Lending Club in 2013 and 2014, based on a report by CompStack. This property is not the company’s headquarters building. According to Lending Club’s company’s website, that location in San Francisco at 595 Market Street.

Uber was represented in the lease transaction by the San Francisco office of JLL. The person working on the deal was David Churton, an international director with the firm. He did not respond to a request seeking comment for this story. The Lending Club completed this lease through the San Francisco office of CBRE. The two people working on the transaction were Dan Harvey and Tim Kazul, both vice chairmen with the company. CBRE declined to comment when contacted for this story.

71 Stevenson is a class A office building totaling 323,276 square feet. The property was first developed in 1986, and it is located just off Market Street between 1st and 2nd Street, one block from a BART station.

According to CompStack, other tenants in the building include The Gymboree Company, Bare Escentuals, Regus, LendLease and San Francisco Examiner, among others.

West Coast Commercial Real Estate News